5 things to know for March 6
Today’s headlines: Dalata Hotel Group up for sale; Hyatt tweaks, add leadership roles; Cape Verde opens new air routes, hotel industry business models; US posts mostly positive metrics across the board; Fyre Festival 2 makes incorrect hotel claims
Editor's Note: Some linked articles may be behind subscription paywalls.
IHG Hotels & Resorts executives credit Voco, Garner and Ruby brands in UK growth strategy
IHG acquired German brand Ruby Hotels in mid-February
For IHG Hotels & Resorts, the largest United Kingdom-based hotel firm, the U.K. continues to represent opportunities for notable growth of its hotel brands and property portfolio.
Ireland-based Dalata Hotel Group will undergo strategic review, considers sale
Executives cite inadequate share valuation, small scale as impetus for review
Irish hotel firm Dalata Hotel Group has announced it is open for offers.
5 things to know for March 5
Today’s Headlines: InterContinental Auckland acquisition largest single-asset sale in New Zealand history; US Commerce Secretary says Canada, Mexico tariffs could be reduced; China hits back with US tariffs and sets growth targets; B&B Hotels announce new CEO; Radisson and Manchester City partner in £300 million stadium development
Editor's Note: Some linked articles may be behind subscription paywalls.
Singapore-based Hotel Properties acquires InterContinental Auckland
Buyer calls deal New Zealand's largest single-asset hotel sale
Singapore-based Hotel Properties Limited has acquired the 139-room InterContinental Auckland for 180 million New Zealand dollars ($101.2 million) from publicly listed Precinct Prop...
Europe, Middle East and Africa hospitality hires, promotions: Kisawa appoints new CEO
Chris Penn returned to hotel firm and brand Ace Hotel as CEO
Read the latest roundup of hotel industry hires and promotions in the Europe, Middle East and Africa region.
Hoteliers, travel experts chart Cape Verde Islands' evolution as the next Atlantic Ocean hotspot
Increase in airlift, investments help archipelago expand beyond tour operators, all inclusive
MADRID — Hotel and travel executives in Europe and Africa see the potential of the Cape Verde Islands to become the region's next tropical destination.
5 things to know for March 4
Today’s Headlines: US imposes tariffs on its three largest trading partners; Rio Carnival hotel occupancy at almost 100%; Lower-income UK workers now entitled to 80% of pay when sick; By 2035, obesity could cost planet $4 trillion; HR Group acquires peer German firm H-Hotels
Editor's Note: Some linked articles may be behind subscription paywalls.
5 things to know for March 3
Today’s Headlines: US tariffs to take effect Tuesday; Asian manufacturing output boosted by China demand; Increases to train fares adds to UK cost-of-living pressures; Singapore’s City Developments Limited nears its date in court; Firmdale Hotels claims $20 million negligence costs for COVID-19 losses
Editor's Note: Some linked articles may be behind subscription paywalls.
Business profits when people listen, rather than interrupt
World Hearing Day addresses hearing loss, but what about 'listening loss'?
I see that today, March 3, is World Hearing Day.
London’s Firmdale Hotels sells partial stake to Swedish businessman Lennart Perlhagen
Founded in 1985, 11-asset hotel firm valued at approximately £1.5 billion
Swedish pharmaceutical entrepreneur Lennart Perlhagen is acquiring a stake in London-based Firmdale Holdings, the owner-operator of Firmdale Hotels.
Hospitality Technology Advisory’s Kevin Edwards talks AI and hotels
Artificial intelligence critical to hotel strategy but requires care and attention
Speaking on the Hotel News Now podcast, “The Upgrade: EMEA Hospitality News,” Kevin Edwards, CEO of Hospitality Technology Advisory, said the hotel industry is not far behind most ...
Hoteliers reconsidering space and revenue as group demand and events slowly return
New data, strategies come to the table in search of consistent benchmarking
LONDON — With operating costs getting more onerous, hoteliers are considering every possible revenue stream to greater extents.
Boscalt Hospitality secure €111 million financing for Rome hotel conversion
Former Hotel Majestic Rome to be converted to Baccarat Hotel Rome
The owners of an historic hotel in Rome have secured financing to renovate and reopen the property next year.
Dispute between father and son on executive board of Singapore's CDL leads to halt in trading
Executive chairman of real estate firm files with court to stop 'attempted coup'
Singapore-based real estate investment firm City Developments Limited has halted trading in its shares on the Singapore Exchange as an argument between board members intensifies.
Famed Berlin Radisson hotel returns with a very large tree
The hotel's former aquarium, the AquaDom, imploded in December 2022
The 427-room Radisson Collection Hotel Berlin reopened on Feb. 12 following a two-year renovation.
Limestone acquires Nobu London Shoreditch, earmarks capital for Loisium
Loisium Wine & Spa Hotels has three hotels, four in pipeline
Zug, Switzerland-based Limestone Capital had an active day on Thursday, acquiring a property in London and investing more than €100 million in a European-based hotel company.
DiamondRock completes sale of Westin Washington, DC hotel for $92 million
REIT originally bought hotel in 2012 in four-hotel deal
Bethesda-based real estate investment trust DiamondRock Hospitality has completed the sale of the 410-room Westin Washington, D.C. City Center for $92 million.
Accor executives say now is the 'right time' to exit its 30% stake in AccorInvest
French hotel company plans to exit ownership spinoff by end of 2026, opens sale discussions of F1 hotel brand
Off the back of another record earnings year, Accor is considering exiting the rest of its 30% stake in AccorInvest, the independent ownership vehicle spun off from the French hote...
CapMan acquires portfolio of 28 Scandinavian hotels from Midstar
Consulting advisory states transaction is ‘largest hotel deal in Nordic history’
Investment fund CapMan Hotels II, a division of CapMan Real Estate, has acquired a portfolio of 28 hotels with 4,709 rooms from Norwegian firm Midstar Fastigheter AB, part of Stock...